NYSE : RDW
Redwire Corporation — Financial statements
Industrials · Aerospace & Defense · United States
Last price 9.16 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.28B
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Financial statements
Redwire Corporation (RDW) reported revenue of 426.27M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 426.27M | 335.38M | 304.10M | 243.80M | 160.55M | 137.60M |
| Cost of Revenue | 329.38M | 304.45M | 259.65M | 185.83M | 131.85M | 108.22M |
| Gross Profit | 96.89M | 30.93M | 44.45M | 57.97M | 28.70M | 29.38M |
| Selling, General & Admin | 223.03M | 171.28M | 71.40M | 68.53M | 70.34M | 68.44M |
| Research & Development | 42.36M | 19.76M | 6.13M | 4.98M | 4.94M | 4.52M |
| Operating Expenses | 265.39M | 191.04M | 77.53M | 73.50M | 75.28M | 72.95M |
| Operating Income | -168.50M | -160.11M | -33.07M | -15.54M | -46.59M | -43.58M |
| Interest Expense | -15.68M | -39.77M | -13.48M | -10.70M | -8.22M | -6.46M |
| Interest & Investment Income | 62.00K | 62.00K | 1.00K | 3.00K | 1.00K | 2.00K |
| Other Non Operating Income (Expenses) | 1.78M | 18.81M | -52.65M | -1.50M | 16.07M | 3.84M |
| EBT Excluding Unusual Items | -182.34M | -181.00M | -99.20M | -27.74M | -38.73M | -46.20M |
| Merger & Restructuring Charges | -12.07M | -34.88M | -9.13M | -13.00K | -3.24M | -15.27M |
| Impairment of Goodwill | -20.90M | -20.90M | -49.92M | |||
| Asset Writedown | -13.79M | -13.79M | -46.71M | |||
| Legal Settlements | -8.00M | |||||
| Other Unusual Items | -4.73M | -996.00K | -11.34M | |||
| Pretax Income | -233.82M | -251.57M | -116.33M | -27.75M | -138.59M | -72.81M |
| Income Tax Expense | 10.28M | -25.01M | -2.02M | -486.00K | -7.97M | -11.27M |
| Earnings From Continuing Operations | -244.10M | -226.55M | -114.31M | -27.26M | -130.62M | -61.54M |
| Minority Interest in Earnings | -4.00K | 1.00K | 3.00K | |||
| Net Income | -244.10M | -226.55M | -114.31M | -27.26M | -130.62M | -61.54M |
| Preferred Dividends & Other Adjustments | 14.61M | 45.78M | 41.05M | 20.02M | 1.76M | |
| Net Income to Common | -258.71M | -272.33M | -155.37M | -47.28M | -132.38M | -61.54M |
| Shares Outstanding (Basic) | 182.90M | 119.54M | 66.15M | 64.65M | 63.32M | 45.08M |
| Shares Outstanding (Diluted) | 182.90M | 119.54M | 66.15M | 64.65M | 63.32M | 45.08M |
| EPS (Basic) | -1.41 | -2.28 | -2.35 | -0.73 | -2.09 | -1.36 |
| EPS (Diluted) | -1.41 | -2.28 | -2.35 | -0.73 | -2.09 | -1.36 |
| Free Cash Flow | -98.20M | -190.81M | -23.75M | -4.39M | -35.28M | -39.45M |
| Free Cash Flow Per Share | -0.54 | -1.60 | -0.36 | -0.07 | -0.56 | -0.88 |
| Gross Margin | 22.73% | 9.22% | 14.62% | 23.78% | 17.87% | 21.35% |
| Operating Margin | -39.53% | -47.74% | -10.88% | -6.37% | -29.02% | -31.67% |
| Profit Margin | -60.69% | -81.20% | -51.09% | -19.39% | -82.45% | -44.72% |
| Free Cash Flow Margin | -23.04% | -56.89% | -7.81% | -1.80% | -21.98% | -28.67% |
| EBITDA | -121.26M | -127.47M | -21.38M | -4.81M | -35.30M | -32.99M |
| EBITDA Margin | -28.45% | -38.01% | -7.03% | -1.97% | -21.99% | -23.98% |
| D&A For EBITDA | 47.24M | 32.64M | 11.69M | 10.72M | 11.29M | 10.58M |
| EBIT | -168.50M | -160.11M | -33.07M | -15.54M | -46.59M | -43.58M |
| EBIT Margin | -39.53% | -47.74% | -10.88% | -6.37% | -29.02% | -31.67% |
| Advertising Expenses | 1.31M | 1.16M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 556.97M | 94.47M | 33.71M | 30.28M | 28.32M | 20.52M |
| Cash & Short-Term Investments | 556.97M | 94.47M | 33.71M | 30.28M | 28.32M | 20.52M |
| Accounts Receivable | 99.54M | 81.27M | 64.95M | 69.37M | 57.77M | 28.01M |
| Other Receivables | 636.00K | 688.00K | 688.00K | |||
| Receivables | 99.54M | 81.27M | 64.95M | 70.01M | 58.45M | 28.70M |
| Inventory | 85.36M | 55.85M | 2.24M | 1.52M | 1.47M | 688.00K |
| Prepaid Expenses | 18.54M | 19.61M | 9.67M | 7.51M | 7.93M | 5.31M |
| Restricted Cash | 751.00K | 716.00K | 15.36M | |||
| Other Current Assets | 900.00K | |||||
| Total Current Assets | 761.16M | 252.81M | 125.92M | 109.31M | 96.17M | 55.22M |
| Property, Plant & Equipment | 90.48M | 80.94M | 33.11M | 29.09M | 25.86M | 19.38M |
| Long-Term Investments | 3.61M | 3.27M | ||||
| Goodwill | 772.17M | 779.11M | 71.16M | 65.76M | 64.62M | 96.31M |
| Other Intangible Assets | 319.10M | 336.15M | 61.79M | 62.98M | 66.87M | 90.84M |
| Other Long-Term Assets | 428.00K | 118.00K | 629.00K | 511.00K | 909.00K | |
| Total Assets | 1.94B | 1.45B | 292.62M | 271.27M | 257.70M | 261.76M |
| Accounts Payable | 54.16M | 32.30M | 32.13M | 18.57M | 17.58M | 13.13M |
| Accrued Expenses | 29.71M | 32.03M | 24.19M | 32.90M | 36.58M | 17.12M |
| Short-Term Debt | 3.17M | 2.17M | 598.00K | 2.80M | 1.00M | |
| Current Portion of Long-Term Debt | 4.50M | 5.16M | 1.27M | 780.00K | 780.00K | 2.68M |
| Current Portion of Leases | 5.16M | 4.68M | 4.83M | 4.18M | 3.51M | |
| Current Unearned Revenue | 84.97M | 60.12M | 67.20M | 52.65M | 29.82M | 15.73M |
| Other Current Liabilities | 12.57M | 19.15M | 19.73M | 2.36M | 3.67M | 1.57M |
| Total Current Liabilities | 194.24M | 155.61M | 149.34M | 112.04M | 94.74M | 51.24M |
| Long-Term Debt | 43.56M | 80.04M | 124.46M | 86.84M | 74.75M | 74.87M |
| Long-Term Leases | 33.89M | 31.75M | 14.42M | 13.44M | 13.25M | |
| Pension & Post-Retirement Benefits | 400.00K | 302.00K | ||||
| Long-Term Deferred Tax Liabilities | 39.88M | 38.36M | 582.00K | 2.40M | 3.25M | 8.60M |
| Other Long-Term Liabilities | 1.92M | 6.33M | 55.71M | 3.33M | 1.52M | 19.83M |
| Total Liabilities | 313.49M | 312.09M | 344.53M | 218.44M | 187.81M | 154.53M |
| Common Stock | 25.00K | 19.00K | 7.00K | 7.00K | 6.00K | 6.00K |
| Additional Paid-In Capital | 2.38B | 1.68B | 161.62M | 188.32M | 198.13M | 183.02M |
| Retained Earnings | -739.24M | -621.76M | -348.11M | -233.79M | -206.53M | -75.91M |
| Treasury Stock | -7.34M | -7.34M | -3.57M | -951.00K | -381.00K | |
| Comprehensive Income & Other | -1.28M | 10.30M | 1.34M | 2.90M | 2.08M | 103.00K |
| Total Common Equity | 1.63B | 1.06B | -188.71M | -43.51M | -6.70M | 107.22M |
| Minority Interest | 228.00K | 226.00K | ||||
| Shareholders' Equity | 1.63B | 1.14B | -51.91M | 52.83M | 69.89M | 107.22M |
| Total Liabilities & Equity | 1.94B | 1.45B | 292.62M | 271.27M | 257.70M | 261.76M |
| Total Debt | 90.28M | 123.80M | 144.98M | 105.83M | 95.08M | 78.55M |
| Net Cash (Debt) | 466.69M | -29.33M | -111.27M | -75.56M | -66.77M | -58.03M |
| Net Cash Per Share | 2.55 | -0.25 | -1.68 | -1.17 | -1.05 | -1.29 |
| Filing Date Shares Outstanding | 248.96M | 190.94M | 74.84M | 65.23M | 64.14M | 62.69M |
| Total Common Shares Outstanding | 248.18M | 190.88M | 66.27M | 65.19M | 64.14M | 62.69M |
| Working Capital | 566.92M | 97.20M | -23.42M | -2.72M | 1.43M | 3.98M |
| Book Value Per Share | 6.57 | 5.55 | -2.85 | -0.67 | -0.10 | 1.71 |
| Tangible Book Value | 538.58M | -55.25M | -321.66M | -172.25M | -138.19M | -79.93M |
| Tangible Book Value Per Share | 2.17 | -0.29 | -4.85 | -2.64 | -2.15 | -1.28 |
| Machinery | 44.01M | 12.52M | 9.21M | 6.74M | 19.02M | |
| Construction In Progress | 1.38M | 5.65M | 3.78M | 1.41M | 415.00K | |
| Leasehold Improvements | 14.80M | 6.99M | 7.45M | 6.70M | 2.21M | |
| Order Backlog | 411.25M | 296.65M | 313.06M | 271.63M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -244.10M | -226.55M | -114.31M | -27.26M | -130.62M | -61.54M |
| Depreciation & Amortization | 47.24M | 32.64M | 11.69M | 10.72M | 11.29M | 10.58M |
| Other Amortization | 2.30M | 2.28M | 857.00K | 608.00K | 490.00K | 304.00K |
| Asset Writedown & Restructuring Costs | 34.69M | 34.69M | 96.62M | |||
| Loss (Gain) From Sale of Investments | -1.30M | |||||
| Loss (Gain) on Equity Investments | -245.00K | -58.00K | ||||
| Stock-Based Compensation | 74.03M | 58.99M | 11.33M | 8.66M | 10.79M | 27.11M |
| Other Operating Activities | 28.67M | -27.35M | 52.44M | 1.95M | -24.23M | -4.30M |
| Change in Accounts Receivable | -11.10M | -1.46M | 7.53M | -11.00M | -5.83M | -11.81M |
| Change in Inventory | -38.27M | -6.65M | -734.00K | -44.00K | -978.00K | -195.00K |
| Change in Accounts Payable | 13.28M | -11.66M | 4.37M | -3.28M | -1.00K | 10.38M |
| Change in Unearned Revenue | 19.80M | -33.98M | 3.21M | 22.74M | 8.27M | -4.50M |
| Change in Other Net Operating Assets | -2.72M | 1.73M | 7.59M | -1.61M | 2.60M | -3.39M |
| Operating Cash Flow | -76.19M | -177.33M | -17.35M | 1.23M | -31.66M | -37.36M |
| Capital Expenditures | -22.01M | -13.48M | -6.40M | -5.62M | -3.63M | -2.09M |
| Cash Acquisitions | -151.79M | -881.00K | -33.23M | -40.56M | ||
| Sale (Purchase) of Intangibles | -7.77M | -9.80M | -4.52M | -2.71M | -526.00K | -763.00K |
| Investment in Securities | 4.60M | |||||
| Other Investing Activities | 4.87M | |||||
| Investing Cash Flow | -29.78M | -175.07M | -7.20M | -8.33M | -37.38M | -38.54M |
| Long-Term Debt Issued | 191.13M | 53.79M | 36.70M | 22.70M | 53.02M | |
| Total Debt Issued | 90.53M | 191.13M | 53.79M | 36.70M | 22.70M | 53.02M |
| Long-Term Debt Repaid | -242.52M | -9.34M | -27.08M | -23.71M | -52.80M | |
| Total Debt Repaid | -238.43M | -242.52M | -9.34M | -27.08M | -23.71M | -52.80M |
| Net Debt Issued (Repaid) | -147.90M | -51.39M | 44.45M | 9.62M | -1.02M | 224.00K |
| Issuance of Common Stock | 760.08M | 518.37M | 2.67M | 1.24M | 2.96M | |
| Repurchase of Common Stock | -3.76M | -3.77M | -2.62M | -570.00K | -381.00K | |
| Other Financing Activities | -17.54M | -1.85M | -780.00K | -1.23M | -6.25M | 73.99M |
| Financing Cash Flow | 585.47M | 397.50M | 43.72M | 9.06M | 76.56M | 74.21M |
| Foreign Exchange Rate Adjustments | -337.00K | 1.02M | -376.00K | -2.00K | 272.00K | 136.00K |
| Net Cash Flow | 479.16M | 46.11M | 18.79M | 1.96M | 7.79M | -1.55M |
| Free Cash Flow | -98.20M | -190.81M | -23.75M | -4.39M | -35.28M | -39.45M |
| Free Cash Flow Margin | -23.04% | -56.89% | -7.81% | -1.80% | -21.98% | -28.67% |
| Free Cash Flow Per Share | -0.54 | -1.60 | -0.36 | -0.07 | -0.56 | -0.88 |
| Levered Free Cash Flow | -25.96M | -120.08M | 7.45M | 2.91M | -8.91M | 3.30M |
| Unlevered Free Cash Flow | -18.46M | -97.50M | 15.02M | 9.00M | -4.26M | 7.03M |
| Cash Interest Paid | 16.38M | 39.12M | 12.16M | 9.08M | 6.87M | 6.02M |
| Cash Income Tax Paid | 200.00K | |||||
| Change in Working Capital | -19.01M | -52.02M | 21.96M | 6.79M | 4.06M | -9.52M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.09B | 1.25B | 1.09B | 184.01M | 126.43M | 402.71M |
| Enterprise Value | 1.62B | 1.53B | 1.29B | 358.65M | 228.25M | 526.15M |
| Last Close Price | 8.39 | 7.60 | 16.46 | 2.85 | 1.98 | 6.75 |
| PS Ratio | 4.90 | 3.72 | 3.57 | 0.76 | 0.79 | 2.93 |
| PB Ratio | 1.28 | 1.10 | -20.91 | 3.48 | 1.81 | 3.76 |
| P/OCF Ratio | 149.48 | |||||
| EV/Sales Ratio | 3.81 | 4.56 | 4.24 | 1.47 | 1.42 | 3.82 |
| Debt / Equity Ratio | 0.06 | 0.11 | -2.79 | 2.00 | 1.36 | 0.73 |
| Net Debt / Equity Ratio | -0.29 | 0.03 | -2.14 | 1.43 | 0.95 | 0.54 |
| Net Debt / EBITDA Ratio | 3.85 | -0.23 | -5.21 | -15.71 | -1.89 | -1.76 |
| Net Debt / FCF Ratio | 4.75 | -0.15 | -4.69 | -17.21 | -1.89 | -1.47 |
| Asset Turnover | 0.25 | 0.39 | 1.08 | 0.92 | 0.62 | 0.66 |
| Inventory Turnover | 4.57 | 10.48 | 138.29 | 124.51 | 122.26 | 212.62 |
| Quick Ratio | 3.38 | 1.13 | 0.66 | 0.90 | 0.92 | 0.96 |
| Current Ratio | 3.92 | 1.62 | 0.84 | 0.98 | 1.01 | 1.08 |
| Return on Equity (ROE) | -18.15% | -41.75% | -24,958.73% | -44.44% | -147.50% | -84.06% |
| Return on Assets (ROA) | -6.10% | -11.49% | -7.33% | -3.67% | -11.21% | -13.01% |
| Return on Capital Employed (ROCE) | -9.60% | -12.40% | -23.10% | -9.80% | -28.60% | -20.70% |
| Earnings Yield | -16.86% | -18.15% | -10.54% | -14.82% | -103.31% | -15.28% |
| FCF Yield | -4.70% | -15.29% | -2.19% | -2.38% | -27.91% | -9.80% |
| Buyback Yield / Dilution | -148.71% | -80.73% | -2.31% | -2.10% | -40.46% | -21.19% |